Macau updates

Arbitration & ADR

New Arbitration Law eradicates dual system
Rato, Ling, Lei & Cortés Advogados
  • Macau
  • 30 January 2020

The new Arbitration Bill was approved in general terms by the Legislative Assembly in 2018 and voted into law in November 2019. Once the New Arbitration Law enters into force in May 2020, Macau's dual arbitration system will cease to exist. This legislative cohesion is likely to encourage foreign investors and partners to choose Macau as their jurisdiction for disputes and strengthen its arbitration credentials internationally.


Banking & Financial Services

Role of digital yuan in gaming industry
Rato, Ling, Lei & Cortés Advogados
  • Macau
  • 02 February 2021

Although the Macau regulator has reported that the potential use of a digital yuan in Macau's casinos is 'fake news', this new form of currency could jeopardise the gaming promotion activity that has underpinned the entire industry since the 1980s. A centralised, trackable and seizable digital currency would provide never-before-seen visibility over clash flows to the city cages. This could singlehandedly cut off the shadow banking and money laundering activities that have plagued economies worldwide.


Corporate & Commercial

Is 2019 novel coronavirus case of force majeure under Macau law?
Rato, Ling, Lei & Cortés Advogados
  • Macau
  • 02 March 2020

Although Macau has largely been spared the human toll of the 2019 novel coronavirus, the region's economy will suffer greatly in the short term. The unpredictable nature of the outbreak and the important human and economic costs deriving therefrom have led to inevitable questions, such as what kind of legal consequences can this virus entail? Further, if the severe economic downturn affects the fulfilment of contracts, could this be a case of force majeure, and could contracts be rescinded on this basis?


Employment & Immigration

New minimum wage regime
Rato, Ling, Lei & Cortés Advogados
  • Macau
  • 10 June 2020

Amid the global COVID-19 crisis, the Legislative Assembly has approved Law 5/2020 on workers' minimum wage, which aims to protect workers and avoid overly low salaries. The new law has expressly revoked the minimum wage for cleaners and security workers in the property administration industry and is the first almost-universal regulation to set a minimum wage in Macau.


Private Client & Offshore Services

Contributed by Rato, Ling, Lei & Cortés Advogados
Role of digital yuan in gaming industry
  • Macau
  • 28 January 2021

Although the Macau regulator has reported that the potential use of a digital yuan in Macau's casinos is 'fake news', this new form of currency could jeopardise the gaming promotion activity that has underpinned the entire industry since the 1980s. A centralised, trackable and seizable digital currency would provide never-before-seen visibility over clash flows to the city cages. This could singlehandedly cut off the shadow banking and money laundering activities that have plagued economies worldwide.

Draft law on tax benefits for activities dedicated to scientific and technological innovation
  • Macau
  • 14 January 2021

The government has issued a draft law on tax benefits for undertaking activities dedicated to scientific and technological innovation. This draft law is a consequence of the Macau Special Administrative Region Policy Address for the Fiscal Year of 2019, particularly in relation to innovation in the areas of technology and smart-city development, and aligns with the goal of transforming the Guangdong-Hong Kong-Macau Greater Bay Area into an international centre of science, technology and innovation.

Proposed new law on h­­otel establishments' activities
  • Macau
  • 15 October 2020

Macau's tourism and entertainment industry has been severely affected by the COVID-19 pandemic. With this in mind, the Second Standing Committee of the Legislative Assembly initiated discussions on the draft law on hotel establishments' activities, which the government submitted to the Plenary in February 2019. This law is welcome, as it will update the 1996 law and modernise the legal framework which governs Macau's economic engine.

New e-government law will streamline administrative proceedings
  • Macau
  • 16 July 2020

In Macau, administrative acts must generally be performed in writing. Thus, given the way in which COVID-19 has affected everyday life, Law 2/2020, which was recently approved by the General Assembly, could not have come at a more appropriate time. This e-government law enables public bodies to undertake various actions and formalities electronically and, together with Law 5/2005, provides the tools for modern, paperless proceedings.

New minimum wage regime
  • Macau
  • 04 June 2020

Amid the global COVID-19 crisis, the Legislative Assembly has approved Law 5/2020 on workers' minimum wage, which aims to protect workers and avoid overly low salaries. The new law has expressly revoked the minimum wage for cleaners and security workers in the property administration industry and is the first almost-universal regulation to set a minimum wage in Macau.